Thursday, October 21, 2010
OTC Medicines Not Eligible For Purchase With HSA Funds in 2011
Thanks Congress. I appreciate the 40% tax you just placed on my Loratadine. Americans are just discovering that beginning in 2011 they can no longer pay for OTC meds with their HSA. Since Americans take many medicines including OTC every day it has been accurately estimated that this provision of Obamacare will raise costs to the tune of 40% for many Americans. There is an excellent discussion of this subject here.
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